Accelerated Depreciation Benefit for Wind Projects Withdrawn
Recently the Central Government withdrew Accelerated Depreciation (AD) benefit for wind projects. This was widely anticipated (we had covered it earlier here), but there were some uncertainties (see Economic Times article of a few days back which said the benefit
REC Trading Report – March 2012
Today’s was the last trading session for the year before the end of the compliance period. The market expected significant demand and high prices as this was the last opportunity to comply. However, contrary to expectation demand fell sharply this
Solar success depends on enforcement of renewable purchase obligation: Gireesh Pradhan
Mr Gireesh B. Pradhan, Secretary, Ministry of New and Renewable Energy (MNRE), was overheard saying that he found himself in the “right ministry” – a fact that indicates that the Maharashtra cadre, 1977 batch IAS officer, is passionate about the
Yourstory.in captures REConnect's story
Yourstory.in which captures news and latest happening on startups and entrepreneurs in India recently captured REConnect Energy Solution's story from beginning till date. The journey of REConnect is available here.
REC Trading Report – February 2012
Traded volume exceeded 2 lakh RECs for the first time. Total volume traded was over 206,000 (vs. 171,000 in January; an increase of 20%). The total traded value exceeded Rs 63 crore (21% increase over previous month). The market clearing price
Numeric Power's solar power plant received REC accreditation
Chennai-based Numeric Power Systems has received REC accreditation for one of its two 1 MW solar PV plants in Tamil Nadu.The plant is likely to feed energy to the grid from next month. This is the third solar power plant in
CERC allays fears over RPO enforcement
In a recent article of the Hindu Business line , Central Electricity Regulatory Commission (CERC) shared their concern over Renewable Purchase Obligation ( RPO ) enforcement. After successful completion of REC mechanism for one year, RPO enforcement regulation across various
Delhi's solar policy scrapped
Delhi Government's solar mission seems to be in darkness. The roof-top solar policy under which consumers would set up solar panels on their roof-tops and feed extra power generated into the main grid got scrapped.They felt the scheme could be
Bruce Usher and Prof. Khaparde join REConnect Energy's Board of Advisors
We are pleased to announce that Prof. S. A. Khaparde and Bruce Usher have agreed to join the Board of Advisors of REConnect Energy. Prof. Khaparde and Bruce Usher are eminent personalities in their field. Their detailed profiles are included below. The
Open Access Faces Hurdles from Discoms in Rajasthan
Recently, all the Discom's in Rajasthan simultaneously came out with circulars with changes to the open access mechanism. The pretext of making these changes was the recent letter from the Law Ministry on Open Access. As an example, the key